56482 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Wadena County
Centroid: Latitude 46.439, Longitude -95.138
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56482 has segments in 3 Counties (Otter Tail, Todd, Wadena).

Businesses Addresses: 309
PO Box Addresses: 97
Residential Addresses: 2,952

Multi-Family Addresses: 298
Single Family Addresses: 2,654

Foreclosures in MN 56482

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Wadena, MN 56482 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	6,829 (100%)
Population in Households	6,690 (98.0%)
Population in Families	5,215 (76.4%)
Population in Group Quarters¹	139 ( 2.0%)
Population Density	50
Diversity Index²	19


INCOME
Median Household Income	$49,525
Average Household Income	$67,914
% of Income for Mortgage⁴	16%
Per Capita Income	$28,378
Wealth Index⁵	59

HOUSING
Total HU (Housing Units)	3,211 (100%)
Owner Occupied HU	2,061 (64.2%)
Renter Occupied HU	788 (24.5%)
Vacant Housing Units	361 (11.2%)
Median Home Value	$153,409
Average Home Value	$181,753
Housing Affordability Index³	152

HOUSEHOLDS
Total Households	2,850
Average Household Size	2.35
Family Households	1,745
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Wadena, MN 56482 - Peer Comparisons by Rank and Percentile

The table below compares 56482 to the other 878 ZIP Codes in Minnesota by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-0.34%	-0.06%
Households	-0.33%	-0.11%
Families		-0.08%
Median Household Income		1.45%
Per Capita Income		2.59%
Owner Occupied HU		0.21%

Variable Description	Rank	Percentile
Total Population	# 211	76th
Population Density	# 329	63rd
Median Household Income	# 851	3rd
Housing Affordability Index	# 469	53rd
Per Capita Income	# 830	6th
Diversity Index	# 445	49th

56482 ZIP Code Profile, Map, Data & Demographics

ZIP Code 56482: Basic Data & USPS Preferred City Name

Wadena, MN 56482 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Wadena, MN 56482 - Peer Comparisons by Rank and Percentile

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